Bank of America Reports First-quarter 2015 Net Income of $3.4 Billion, or $0.27 per Diluted Share

Dateline City: CHARLOTTE, N.C. Results Include $ 1.0 Billion ($ 0.06 per Share) in Annual Retirement-eligible Incentive Costs and $ 0.5 Billion ($ 0.03 per Share) in Charges to Revenue for Market-related Net Interest Income Adjustments Continued Business Momentum Period-end Deposit Balances Increased to Record $ 1.15 Trillion Originated $ 17 Billion in First-lien Residential Mortgage Loans Read more [...]

Open an App and Share the Stoke

It’s 5:47 a.m. on a Tuesday and I just pulled into the upper lot at Red Rocks, Colorado’s favorite concert-venue-slash-pain-factory. Runners from across the Front Range come here to hammer the amphitheater’s 192 steps, while admiring the Denver skyline with gritted teeth and quivering quads. But right now it’s pitch dark and 21 degrees. I’m alone, but not for long: Five people joined the “plan” I posted last night on Gociety, a social media startup for like-minded Read more [...]

National Geographic, Feeding America and Chef Mario Batali Team Up to Share Stories of Hunger and Hope in Our Country

WASHINGTON (Nov. 19, 2014)—National Geographic and Feeding America today announced that acclaimed chef Mario Batali will serve as a guest editor for National Geographic’s current Your Shot photo assignment, “The Story of Hunger and Hope,” to inspire people to care about the issue of hunger in America. Batali is a member of the Feeding America Entertainment Council and a longtime anti-hunger advocate. Your Shot ( is National Geographic’s online community of nearly 500,000 Read more [...]

Bank of America Reports Third-quarter 2014 Net Income of $168 Million on Revenue of $21.4 Billion(A); Loss of $0.01 per Share After Preferred Dividends

Dateline City: CHARLOTTE, N.C. Results Include DoJ Settlement Costs of $ 5.3 Billion (Pretax) or $ 0.43 per Share (After Tax) Continued Business Momentum Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter Originated $ 14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage More Read more [...]

Bank of America Increases Quarterly Common Stock Dividend to $0.05 per Share

Dateline City: CHARLOTTE, N.C. Bank of America announced today that its Board of Directors approved an increase in the quarterly common stock dividend to $ 0.05 per share from $ 0.01 per share. The dividend is payable September 26 to shareholders of record as of September 5. This marks the first increase in Bank of America’s quarterly common stock dividend in seven years and reflects Read more [...]

Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion, or $0.19 per Diluted Share, on Revenue of $22.0 Billion(A)

Dateline City: CHARLOTTE, N.C. Results Include Litigation Expense of $ 4.0 Billion (Pretax) or Approximately $ 0.22 per Share (After Tax) Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $ 650 Million Business Metrics Reflect Progress on Customer-focused Strategy Total Period-end Deposit Balances up $ 54 Billion, or 5 Percent, From Q2-13 to a Read more [...]

Honeywell Reports First Quarter 2014 Sales of $9.7 Billion & EPS of $1.28 Per Share

Honeywell reported its first quarter 2014 earnings today, announcing organic sales up 3%, excluding Defense & Space, and earnings per share (EPS) up 6% year-over-year.  The company raised its 2014 proforma EPS guidance to $ 5.40 to $ 5.55 from $ 5.35 to $ 5.55.  “Honeywell had a good start to the year with strong margin expansion driving better than expected earnings,” said Honeywell Chairman and CEO Dave Cote.  “We saw 3% organic sales growth ex-Defense & Space, with strong execution Read more [...]